The global IoT in aerospace & defense market has witnessed substantial growth in the recent years and is expected to continue this trend in the near future. Moreover, decrease in cost of connected devices, such as sensors & controllers, helped the key players to invest more in IoT market.
Internet of Things (IoT) is the internetworking of physical devices and vehicles providing solutions to various industry verticals, such as automotive, electronics, insurance, manufacturing, and retail. It controls or remotely senses the objects through interconnectivity of devices.
It offers various services, such as training & simulation, inventory management, equipment maintenance, health monitoring, and others. It is incorporated in various technologies such as smart homes, smart cities, smart grids, and virtual power plants.
IoT is one of the major platforms, which provides applications such as smart energy management system (SEMS) and smart city.
Furthermore, growth in wireless technologies, such as Insteon, Zigbee, and Z-wave, is expected to fuel the market growth. However, data piracy and poor internet infrastructure hinders the IoT in aerospace & defense market growth.
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The global IoT in aerospace & defense industry is segmented on the basis of component, connectivity technology, application, and geography. Based on component, it is classified into hardware, software, and services.
On the basis of connectivity technology, it is categorized into cellular, WiFi, satellite communication, RFID, and others. By application, it is divided into RTFM, training & simulation, health monitoring, equipment maintenance, inventory management, and others.
Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players offering IoT in aerospace & defense market include AeroVironment, Inc., AT&T, Elbit Systems, Freewave Technologies, General Atomics Aeronautical Systems, Honeywell International, Inc., Northrup Grunman, Prox Dynamics, Radisys, and Textron Systems.
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KEY BENEFITS FOR STAKEHOLDERS
- In-depth analysis of the global IoT in aerospace & defense market and dynamics is provided to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist the strategists and stakeholders to capitalize on the prevailing opportunities.
- Porter’s Five Forces analysis examines the competitive structure of the Global IoT in aerospace & defense market and explains about the factors that influence the market entry and expansion.
- A detailed analysis of the geographical segments enables identification of profitable segments for market players.
- Comprehensive analysis of the trends, sub-segments, and key revenue pockets is provided.
- Detailed analysis of the key players operating in the global IoT in aerospace & defense market and their business strategies are anticipated to assist the stakeholders to take informed business decisions.
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